And that's only if you and your spouse earn less than $172,000. You get an additional $300 per qualifying child.

You spend it on beer and the money goes to Canada, Venezuela, Saudi Arabia or any of the other countries that we import oil from by virtue of the fact it had to be delivered by a truck to the store that runs on gas. You spend it on a hooker and she gives it to her pimp and he buys things like Plasma TVs made in China, Japan, Korea, or Mexico. You gamble and the money lines the pocket of the foreign investors that are so heavily vested in the gaming industry in this country.

Damned if you do. Damned if you don't.

I'm buying a gun with mine. An Italian of Belgian one.

-Will
gamingwithbaby.com | all your diapers are belong to us
my flickr

Not only are we screwed with what we can do with our "rebate", the US is borrowing money from China to extend us this "stimulus package". I say what a ripoff to the middle and lower classes, yet again. I might as well spend it on hookers and a plasma TV, but alas, my wife would certainly cut my nuts off. Maybe it's going under the mattress since I'm having a hard time trusting the banking industry these days...

Aye, there's nary an animal alive that can outrun a greased scotsman...

aregoing to be worth nothing as they continue to lower the interest rate. And you have to wait 30 years....not that I wont be here when Im sixty three, but I think paying off debt is much better.

Paddyrat what's the source on the China info? Im no pro-govt person but hadn't heard that...and I figured the liberal bloggers would be all over this one.

What do you think we could have done with the
$504,000,000,000.00 we spent in Iraq now?

Josh

SAHD Since August 2005

bonds are good and you do not have to wait 30 years anymore. I think it is 5 years now because they act more like a CD with a floating low interest rate, i think mine are at 3.67. Best bet is like Jphilip said pay off high interest debt or put it into Roth IRA and just pay the tax back to the Gov't now.
I think the China information I heard was that they were a large buyer of T Bills. Not sure though.
Brew your own Beer and Wine, and if you have the nuts for it a little moonshine.

Most of our acctual tax return will be going to paying off what little debt we have left over from last year. As far as the "insetive" goes...well...some will be going to fix up our digs and some will be going into savings.

And it's so not ture that money spet at Wall-Mart is going to China! Firts it goes to the high powered lobbyits that work for Wall-Mart to keep minumum wage artifcialy low etc, then it will hit the pipe line to a Comunist country to feed their coffers.

(I am aware that smacks of polotics. I'm trying guys)

Be Seeing You.

Oh no I know that too.
I have worked for MW and I have read "Nickled and Dimed."

Be Seeing You.

in 1200 lotttery tickets. Gotta support the public school system.

Thoughts about fatherhood, philosophy, fencing, and hockey abound at http://shawn-burns.livejournal.com/

Now with new Dad Blog!: http://backpackingdad.blogspot.com

Even thought I got an official looking letter last week in the mail (at a cost of $40 million I believe), I will not be getting this rebate check. (income threshold)

But my question is this - isn't this just a pre-refund on your 2008 taxes? i.e. it's your money you're getting and spending!

Unless I am mistaken, and I was once before, the last time they did this, you had to claim it on your taxes at the end of the year against your taxes. i.e. if you owe $10,000 in taxes and got the $600 (at the time) rebate, you actually owed $10,600 back. If you had $11,000 withheld, you got an end-of-year refund of $400 rather than the $1,000 you would have. And if you normall owe about $1,000, you would then owe $1,600.

I swear this is what happened last time and with the raw numbers higher (300/600 last time, 600/1200 this time) unless people think about how this is going to play our next April, they're going to be scrambling to find that extra grand to pay the Feds.

I think this is the case, can someone confirm or better explain? And if it is, I'm not sad at not getting it, 'cause it's going back there anyway...

cheers,
PittCaleb

If it is taxable income, it would not be $1200 in taxes at the end of the year. It would be whatever your tax rate is, applied to the $1200 you received. A good rule of thumb is 1/3. So, maybe $400 in additional taxes, if it turns out that it is taxable.

Also, PittCaleb, you may think you are not going to get anything, but there is a "sliding scale" that reduces the amount of the payment if you are over the threshold. It may be that you get a little something, if not the full amount.